Why Is It So Important for an Economy to Have

question 49

Essay

Why is it so important for an economy to have fully developed financial markets?

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Definitions:

Exporter

A person, company, or country that sells goods and services to another country.

Tariff

A charge levied by the government on goods that are brought into or sent out of the country.

North American Free Trade Agreement

The North American Free Trade Agreement (NAFTA) was an agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.

Wages

The compensation paid by employers to employees for their labor, typically expressed as an hourly rate, monthly salary, or piece rate.